Mining Through Uncertainty

Price of Copper USD per Pound $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 '12 '13 '14 NEVADA Mining Association Peak to Present: -$1.34 (-34.0%) '15 '16 '17 '18 MINING THROUGH UNCERTAINTY $2.59 '19 Source: London Metal Exchange 24 APPLIED ANALYSIS

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